A blog about life on the margins of America and the world: about life in the rooming houses and rented rooms, in low income jobs, on unemployment rolls. The writer will share personal experiences, both recent and more distant and comment on spiritual, economic and other matters. This blog is heavily influenced by the Catholic Workers Movement. Please share the posts you like and follow us by email or subscription.
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Thursday, March 24, 2011
The Daily Mail Grinds On!
I have gotten another email letter from the fight against foreclosures, being led by PICO and National People's Action. I consider it a fundamental question of justice that after the banks and big financial institutions were bailed out, they should in turn help the customers on whom they depend. It also makes economic sense. If the big banks are too big to fail, then the working class of this country, who outnumbers the bankers, is definitely too big to fail. So the campaign is on to get State Attorney Generals to take state actions to stop the foreclosure crisis. Read on:
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Bank of America focused its pr machine yesterday at the city of Detroit, a city badly hurt by the foreclosure crisis.
“Every day, our mortgage servicing employees talk with tens of thousands of distressed customers, with the goal of helping them stay in their homes, if possible. Unfortunately, the only path left for some is foreclosure.”
Speak with anybody trying to work with Bank of America or the other big banks to modify their mortgage and they’ll tell you a very different story. They can assure you that the call centers at BofA are not set up with the “goal of helping them stay in their homes.” In actuality, the call centers have been set up to spin homeowners in circles until they give up in frustration and the bank can swoop in and foreclose.
Click here to read the rest of this blog post, and other "Daily Dupe" posts.
On March 29, thousands of homeowners from around the country will call their Attorney General and demand that they choose a side—the homeowners they’ve sworn to protect or the big banks that broke the law and bankrupted the economy. Tell your friends & family to join us on the 29th!
PICO National Network Alliance for a Just Society National People's Action IAF Southeast Alliance of Californians for Community Empowerment